Pranik Logistics (NSE:PRANIK) Cash-to-Debt : 0.48 (As of Mar. 2024)

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What is Pranik Logistics Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Pranik Logistics's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.48.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Pranik Logistics couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Pranik Logistics's Cash-to-Debt or its related term are showing as below:

NSE:PRANIK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.42 Med: 0.5 Max: 0.95
Current: 0.48

During the past 4 years, Pranik Logistics's highest Cash to Debt Ratio was 0.95. The lowest was 0.42. And the median was 0.50.

NSE:PRANIK's Cash-to-Debt is ranked better than
50.51% of 984 companies
in the Transportation industry
Industry Median: 0.475 vs NSE:PRANIK: 0.48

Pranik Logistics Cash-to-Debt Historical Data

The historical data trend for Pranik Logistics's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Pranik Logistics Cash-to-Debt Chart

Pranik Logistics Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

0.95

0.53

0.42

0.48

Pranik Logistics Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Cash-to-Debt	0.95	0.53	0.42	0.48

Competitive Comparison of Pranik Logistics's Cash-to-Debt

For the Integrated Freight & Logistics subindustry, Pranik Logistics's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Pranik Logistics's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Pranik Logistics's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Pranik Logistics's Cash-to-Debt falls into.

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Pranik Logistics Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Pranik Logistics's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	85.442	/	(158.236	+	20.159)
	=	0.48

Pranik Logistics's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	85.442	/	(158.236	+	20.159)
	=	0.48

Pranik Logistics (NSE:PRANIK) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Pranik Logistics Cash-to-Debt Related Terms

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Pranik Logistics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Pranik Logistics Ltd (NSE:PRANIK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

P. S. Srijan Tech Park, Plot No. 52, Block DN, 14th Floor, Sector V, Salt Lake, Kolkata, WB, IND, 700091

Website

https://www.pranikgroup.com

Pranik Logistics Ltd is engaged as carrying and forwarding agent providing end-to-end Logistics solutions. It is a pan India logistics provider, acting as carrying and forwarding agent and providing integrated services including transportation, warehousing, material handling and freight forwarding to various industries such as Retail, Customer Durables, Telecom, Manufacturing, Pharma, etc.

Pranik Logistics Headlines

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